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ERBB - The Late Bloomer
All the other big names have had their big runs and don't get me wrong my ERBB holdings are up up over 2000% but in terms of market cap, ERBB has some catching up to do.
.21 coming
Then some
Cramer's Tweet About Zazzz Causes ERBB EOD Boom
On Friday at approximately 3:30 EST Jim Cramer reTweeted an article from his website Mainstream that made reference to Tranzybyte's Zazzz marijuana vending machine caused a late rally.
Now I typically don't like Cramer. I have hedgie buddies that have admitted to planting sentiment with Jimmy and other who will tell you about Jimmy's affinity for booger sugar during his Goldman days. When Jimmy started touting @APL, I started getting annoyed because he was mucking such a good thing. Jimmy had no clue that the fundamental business of Apple would become an amazing digital ecosystem and his trading calls have been atrocious, advising to buy at highs like 700 or 200 and selling at respective lows or 390 or 78. His Bear Sterns call was an utter disaster, telling people "not to pull your money out of Bear" the night before BSC went bk and instantly opened at 0 the next day. His reaction was his comment was misinterpreted because he mean not to pull accounts or worry about other holding with the firm, NOT specific stock advice of keeping BSC shares.
But this is different. Jimmy is on the ground floor here. He sees the potential in the cannabis market. Having ERBB singled out is pretty fantastic. To have a mainstream, popular analyst, albeit a clownish infotainer, is just what this industry needs. David Gwyther should be reaching out to CNBC for an interview! You have to hand it to the man, he can move stocks. Anyone watching L2 today saw the major bids being pushed through, buys that were $250K plus positions. Retail traders and investors aside, those regular buys we clearly institutions developing positions; possibly hedge funds, possibly dark pools subsidized by the big firms or even wealthy individuals getting a jump on the less risky players.
I will be poking around this weekend to find out more. I have been talking with some folks in Colorado and hearing all sorts of stuff including the previously mentioned rumor about a partnership between Tranzbyte and a California dispensary/medical company. Tomorrow night I will be having dinner with a CA government official and I plan to discuss the upcoming legalization issues on the 2014 ballot.
Things are getting pretty exciting these days. Tranzbyte is now in the mainstream.
The wall come tumbling down.
ERBB - A Tech Play in MJ
Tranzbyte has transcended the marijuana market despite the intentions to be applied to the blooming cannabis industry. This is now a tech play more than it is a MJ play.
The Zazzz machine, Altitude Organic Network and Yo 21 Card are a halo of products similar to Apples digital ecosystem of computers, iDevices and iTunes.
Ignition sequence started
Global Marketplace for Zazz Machines
This is a technology that could be licensed worldwide.
WORLDWIDE PEOPLE
PARC is a grain of sand in a desert of opportunity.
LA was once a desert and is now of blooming city.
Next stop .21
I said 21 Yo
Completely Unconfirmed
Through a few degrees of separation I heard a rumor about a dispensary owner in Colorado who had been approached by Tranzbyte and had been told about a possible 1st placement of a machine in California with the assistance of a medical cannabis service company.
Note:
This is totally unverified information. I would not use this as any trading advice but maybe just a forecast of what's to come
ERBB Partnership With SKT0?
Rumors are flying
PEOPLE JUST DON'T KNOW!
Folks if you are at all interested in this new financial market of legally traded cannabis equities or even just interested in the blossoming medical and recreational cannabis market, I highly recommend visiting California or Colorado.
THERE ARE ALREADY VENDING MACHINES SELLING MARIJUANA IN CALIFORNIA.
The dispensary I go to occasionally, Zen Healing has the basic coil release vending machine inside, the same kind of machine Homer got his arm stuck in. The machine has 1 gram canisters, prerolled joints, candies, breath strips and a few other cannabis items.
There was also a dispensary that tried to open a 24 hour machine in their secure lobby that could be accessed by patients any time. The shop was unable to do it due to legal and security reasons but that could now change.
ERBB is looking to out these machine in over 21 locations.
Alan, Hats Off to Ya Man
I've spoken my peace or piece, and not so peacefully but I must say you have done a fine job establishing yourself in this industry. It's great that you are finally talking to CEOs, approaching companies for DD and providing the peeps with a higher, professional standard. You've come a long way on the past 12 months.
You took a lot of sh_t last month, some deserved but you dug through it. Your on the right train, now you just stay on track.
Congrats and stay green.
Respect.
Gwyther Emails
Folks I am amazed how many people are supposedly communicating with David Gwyther via email. I have sent no less than 4 emails to him mentioning my position as an ERBB shareholder and the questions I have as such.
Not a single reply. This is incredibly disturbing considering I have a substantial ERBB position. If I don't hear back promptly when I email today I am dumping my 10m+ postiton.
Sorry LBD You Are WRONG AGAIN
Call Tranzbyte.
480.443.1600
As them about the most recent release.
They will tell you that "within the week" means within in 7 days
I originally interpreted it as by Friday, today but got clarity DIRECTLY FROM THE COMPANY
All Stocks Have Fools Crying Wolf
I was heavily invested and trading @APL since 2003 and I used to checked the Yahoo message boards. When I got that stock at 28pps (14pps split adjusted) there were so many fools saying the stock/company was a scam, a fraud, that Jobs was selling all his shares, the iPod was a fad…….and look where we are today….@APL is over 500pps and there are still idiots making the same claims.
ERBB has its share of growing pains but its way too premature to be claiming the company is a fraud. David Gwyther is legally obligated to obey the laws and I'm willing to trust them until I see otherwise but the taunting messages polluting this board are not going to be the reason I sell.
John Thats A Grave Misconception
Its against Colorado Law for people outside of Colorado to make money on Colorado marijuana.
Kind of Like Your Post
The PR releases are fabricated, they can say anything in those released w/out having any proof to back it up.
CBDPotential No Need to Go There
Nobody is whining. I'm just disappointed that the analyst is the face of this industry for now. He has filled a void because institutions have not initiated coverage here and the majority of real cannabis experts are not as willing to publicly disclose their affinity for the outlawed substance.
He was "chosen" because that is all there is right now, not because he is the best. After 30 years of participation in the markets, this is the peak of his career, chasing penny stocks? I worked at Merrill for 4 years and retired at 22 in 2000. Most folks I know with over 30 years experience are in St. Barts right now or Mallorca.
As far as your claims that nobody is an expert, I beg to differ. There are plenty of doctors, growers, distributors that have a vast knowledge of the effects, the cultivation, the laws, the trends of cannabis. That type of knowledge can be applied to the market. The analyst has only been covering cannabis for barely a year whereas others have dedicated their lives to it.
And I have absolutely zero desire to get on TV. Ironically, that is the very industry in which I work as a producer/exec producer on features, tv shows and broadcast tv commercials. I have no desire to have a following or have others rely on me for information. I post here anonymously. It is a dirty little secret of mine as I am not anywhere to be found on social media. I am 35 and pretty close to retiring. The last thing I want to do is pile more on my plate.
8 Tips for Pot Stock Trading/Investing
1. Trade only with what you can afford to lose
Don't bet the kids college fund or take a 2nd mortgage on your house to plow into cannabis stocks. This is still an incredibly volatile sector. Sure there will be some major winners here but there will be just as many losers.
2. Trade in cash, not on margin
This goes hand in hand with rule 1. The biggest problem is that if you are caught in a position that goes south, the liquidity may not be there for an orderly exit. Stop losses do not alway get triggered especially in a major sell off.
3. Do your own DD
There is so much bad information going around about cannabis stocks. Use all the resources you have to find out as much information as you can about potential investments. Message boards occasionally provide some insight but it is equally as important to understand WHO is relaying the message as WHAT is being said.
4. Have a defined trading / investing plan
Make sure you set goals, targets and objectives. Have a timeline for your investment, whether it is short term or long term. Have an entry and exit strategy.
5. Don't panic sell or panic buy
Panic selling and buying are some of the worst mistakes a player can make. Selling into weakness is probably the worst mistake a market player can make. This relates a lot to points 1 and 2. If you can afford the position then you are much less likely to make irrational moves.
6. Be extremely cautious with short positions
Short positions in penny stocks can only be accomplished by shorting the equity since there are no derivatives markets yet. Shorting an equity leaves you with unlimited risk to the upside. Even worse, since most MJ stocks are penny stocks, the upside of shorting is limited to a few pennies. To generate decent returns it really only makes sense to short in large volume blocks which can be difficult to move because of an occasional lack of liquidity in MJ stocks. Rules 1, 2, 4 and 5 apply tenfold for short positions, especially rule 4.
7. Know the market
Not only should you have a good knowledge of how the financial markets operate and how to read a chart or do fundamental analysis, it is also important to understand the cannabis market. Read all you can about the history of cannabis. If you live in a medical state I'd highly recommend visiting a dispensary and even getting a medical card. Most people who do not live in medical states cannot even comprehend what these dispensaries are like.
8. Try to have fun
This market is filled with opportunity. Many of us have already had great returns but there is a lot more growth to come. Try to keep your positions inside your comfort range to enjoy trading and investing.
.004 is Possible but Not Likely
There is a gap at .0035
Should the Zazz machine be delayed or worse, never materialize then .0035 is possible. I posted this a few weeks back.
But it seems that number is not likely. If we get word of a machine over the next 24 hours, I think .004 will be a good laugh as it gets farther away in the rearview mirror.
False Prophets Make False Profits
What a stunningly boring interview! I think the only thing I got from it was a good chuckle after about 3 minutes when the analyst started foaming at the mouth and white junk popped up on his lip.
I will say it was brings some legitimacy to the sector but when you have a failed analyst talking about an industry he has only followed for barely a year……..that says it all to me.
There are far more involved people in this industry with far better information concerning cannabis and "pot stocks." It saddens me that this is the foremost "expert" leading the charge for this great new industry.
Paulieman20, I'll Listen to Gwyther and Facts First
David Gwyther, Tranzbyte's president has come out recently stating that he has no plans or desire to do a reverse split or further dilution. Yes 4b shares are AVAILABLE but 2.5b are what is OUTSTANDING. Big difference.
And why is .25 such a long shot. Other MMJ vending machine companies have a market cap of $1b. For all the talk of how great MD8X is, I have never once seen one of their machines in the numerous LA dispensaries I visit. And don't comeback with the different share structure claims because I know how to value fundamental information. I am strictly comparing the market cap of ERBB and MD8X which is $30 and $1b respectively.
MJNA Short Term Chart is a Beauty
http://stockcharts.com/h-sc/ui?s=MJNA&p=D&yr=0&mn=4&dy=0&id=p19015192128
The GOLDEN CROSS is plain as day. That is just a beautiful bullish indicator for anyone who looks at MJNA's chart. The real beauty is that the GOLDEN CROSS comes while MJNA's share price is near all time highs. The divergence of the MACD is very bullish as well as is the StochRSI. The RSI is approaching overbought territory but there is still room to run.
Good times ahead folks…..
ERBB Chances of $1 are Quite Good
It is a long shot, a 10,000% increase from where ERBB is today but should the company execute their plans to deliver Zazz machines in 1000 locations, then $1 is a good benchmark.
The MD8X comparison is a good one however the share structure of that company is drastically different than ERBB. The other company you refer to has less than 15m shares outstanding and as another poster mentioned the 200pps high came on extremely low volume. I will be the first to say that ERBB has absolutely zero shot of making 200pps with an outstanding share count around 2.5b. That would put ERBB's market cap higher than Apple.
Perhaps a better comparison would be the market caps. MD8X has a valuation of about $1b
If ERBB was to be valued at a similar valuation the share price would be about .25
I think .25 is a good target from here. $1 is achievable within a year but I prefer to start at .25
Technical Room to Run
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p51666992872
Yesterday's pullback, coupled with today's gap down has given ERBB the all clear for liftoff. The RSI has come down to a comfortable level and the StochRSI is begging to bounce. The share price is settling nicely below the top bollinger band.
.02 is in striking distance. Should a solid PR come forth today or tomorrow and we could get a blowoff top.
Just the START Indeed My Friend
The new contract is just the opening salvo in the retail campaign. How much longer before CibaDerm is carried in Whole Foods or Sephora?
I got my CibaDerm shampoo yesterday. Used it for the first time this morning and I will be using it from now on.
P/E Ratio? We Don't Need No Stinking P/E
C'mon man, you know PE ratios don't mean squat today. Go look at @MZN's PE which is over 1000, ridiculous for a company that often DOES NOT make a profit from operations. Of what about FarceBook trading at 150x earnings.
MJNA is just getting geared up. This is a growing company. Adding a $1m contract with a health retailer seems pretty spectacular to me.
SarahPatricia I Think You Are Mistaken
The company expects to announce its new choice of lead dispensary locations within the week.
Tranzbyte/ERBB Should Release PR After Bell Today
That would provide the most bang for the buck.
A good PR would provide some serious firepower for Friday and with the Super "Smoke-A" Bowl coming up, it could blow the top off this kettle come Monday.
Solid TA Yaz
Taking a breather is what it's all about right now, technically speaking.
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p51666992872
Here's my short term 4 month chart I like. As we all know MJ stocks are up substantially with ERBB the sleeper hit gaining a whopping 1000%+ since after Christmas. Last night I posted that today was going to be a pullback or parabolic due to the technical pressure and it looks like we got a much needed pullback. Had ERBB gone parabolic today, blowing out the top bollinger band, the subsequent pullback would have likely been much greater. Instead, we got to take a knee and ERBB also held up well against the fundamental pressure of the failed agreement with PARC.
Technically my only concern is the hanging man from today but I think fundamental news will be driving this Thursday and Friday, per Gwyther's comments about announcing other Zazz vending machine locations at the end of the week. There is a lot of pressure to deliver.
Here is what I think short term;
If ERBB has a smashing PR announcing locations, delivery dates or the like you can fugghedaboutit, we're all rich. There's also a variable with the US gubment make MJ friendly announcements. No PR, no good though. That could be a big disappointment. The other thing I wonder about in the Money Runners Group and others taking profits which could slow the rally. I think .023-.025 will be a major wall unless we get a monster PR.
Absolutely Do Not Use Market Orders
You should always, always, always use a limit order.
Just set it at a price that will get executed.
Selling fast is not a good idea for a knee-jerk reaction though. Panic selling and selling into weakness is the worst way to trade.
Think of all the suckers who dumped ERBB at .012 today. Think of all the suckers that panic sold in 2008-2009.
Well Viper As A Ganja Connoisseur…
you should know that the existing vending machines in LA dispensaries DO NOT ONLY sell herb. In fact, the majority of items in the club I go to are edibles like throat lozenges, breath strips and other candied goods. And plenty of people have their favorite strains so they can just get a 1g bottle of Grand Daddy Purps or ChemDog without having to wait in line or chat up a budtender.
LBD, Another Complete Farce
Most CONSUMERS will AVOID MJ Vending Machines
Crowbar, THAT IS EXCEPTIONALLY BULLISH
When the 50 MAs cross ABOVE the 200 MAs, that is called a GOLDEN CROSS. It is the single most bullish and accurate chart indicator used by traders and investors. ERBB and much of the MJ sector has shown the GOLDEN CROSS.
There is something called the DEATH CROSS which is the opposite when the 200 MA dips below the 50 MA but that is NOT WHAT ERBB IS SHOWING.
Irrelevant? Stripped of Context It Is The Exact Same
1. You don't believe (insert company here) will be able to successfully launch a new product
2. I believe (insert company here) will be able to successfully launch a new product.
The company is interchangeable whether it makes music devices or vending machines to distribute marijuana.
And could you provide evidence that marijuana vending machines are illegal in Colorado? They certainly are legal here in California as the dispensary I use has one, as do several other shops in the city.
Chart Says Pullback or Parabolic
http://stockcharts.com/h-sc/ui?s=ERBB&p=D&yr=0&mn=4&dy=0&id=p51666992872
That's what I see in my preferred short term 4 month chart. ERBB is pushing the top of the bollinger. Bollinger bands are based on standard deviations and I firmly believe statistical anomalies are universal so the share price could use a breather. The golden cross is pretty sweet, as is the divergence on the MACD. The RSI is showing bullish behavior and the stochastic RSI is in a nice pocket.
It's a good read that chart. I think a pullback would be healthy. An easing of the technicals could make way the bull run to continue.
However as people have now read between the lines of the most recent PR, it's entirely possible the buying frenzy could resume.
Makes for a fun day to wake up with all this going on.
DC187 I Said The Same Thing
I have repeatedly said that it is a little surprising that Tranzbyte would release the PR about PARC with only a verbal agreement in place.
But that is the nature of this business. This also happens with Fortune 500 companies. Deals are announced only to fall through. I tend to be an optimist. When Gwyther states that they will have information regarding other locations by the "end of the week", I will wait until Friday before making any drastic decisions.
For Those of You Planning to Sell
Go for it. You are selling into weakness. Good traders and investors usually sell into strength.
Just know that I will be picking up many of your shares.
Buy When There Is Blood in The Streets
I wasn't planning on buying any more shares. In fact, as of a November post, I was not planning to buy, having loaded 15m shares around .003 basis and was giving ERBB until Q2 2014 before I reevaluated my position. I did take profits at .008, selling about 1/3 of the 15m holding.
BUT
I violated that last week with a 750k share purchase at .0073
and flipped that today at .018
SO
I'm taking some of those profits on a dip buying spree. I hope this latest PR drops the share price to .01 because I will pour a lot of profits into ERBB.
While not the best news, the PR tonight was pretty innocuous. There is some good sprinkled in with the bad so I'm not too worried. I'll start dip buying into the "end of the week" and wait for something good.
TITAN, Think of It This Way
How can you say it is not a buying opportunity if you are expecting a big sell off from the latest PR? Typically, a dip in the equity price would provide a buying op.
Also, if you read the full PR and not just the headline, you would notice that "by the end of the week" Tranzbyte expects announce other dispensaries. Gwyther also announced that Rex Chapman, former NBA star player is joining the advisory board to help market One Bode and Tranzybyte.
I think that PR was about 50-50 with the good/bad news and I will wait until the "end of the week" before making any moves.
Did Anyone Also Read The Full Article?!?!?!?!
The company expects to announce its new choice of lead dispensary locations within the week.
Initial Perspective on Failed PARC Agreement
Thats is just one location in 25+ states that now allow medical marijuana.
While it takes some wind from the sails, I would not say it is devastating.
I do think it was a little premature to make the announcement of a deal to put the Zazz machine in PARC if the details were not squared away first.
I also think this could be the news the shorts wanted to bring the sector down.
And if Obama mentions cannabis in the address tonight, this will just be a blip on the radar.
If You Add Here, I Suggest Nibbles
I also bought in the double zeros (almost trips) with my last buy at .007 which I posted about a week or so ago. I sold a small piece today at .0175 just to take some profits.
I think .0195, a previous 52 week high was today's resistance.
I don't know the intentions of the "Money Runners" group but if their target is .023 and they do trade in large volumes, that may take a little steam out of the run.
OF COURSE, there are a lot of variables that could send ERBB on a skyrocket ride.
Obamas SOTU speech mentioning MJ.
A PR outlining the completion of the Zazz machine
A PR about THC revenues
An announcement from Holder finalizing banking plans
2014 Mid-Term elections
2014 Ballot initiatives for more medical/recreational legalizing states
F-ck it, if you have disposable cash that you can put into ERBB, I would not hesitate to start nibbling.
ERBB DD - Best Post You'll Ever Read
This is what boots on the ground will get you.
A big thanks goes out to Chessman for not only the effort it took to go to ERBB's office, and to post all the details but for having the kindness to share with all of us.
BRAVO!!!!
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